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Re: Keystone oil sands pipeline rejected

I'm surprised they haven't started the OK-TX pipeline already. Everyone knows it needs to be done - with companies lining up to use it now - so why they're dragging their feet I'll never know.

The game is changing.

"What's occurring is a rebalancing of the world oil supply," says Daniel Yergin, energy historian and author of The Quest: Energy, Security, and the Remaking of the Modern World. He says Brazil's newly produced offshore oil, which he calls "presalt" because it's beneath a thick layer of salt, will further tip the scales.

The US is using less and producing more.. Saudi is selling more to China and Canadians are beginning to think they should be looking to China as a buyer. The Keystone XL may be a quick fix tht will just as quickly become redundant.

Re: Keystone oil sands pipeline rejected

Originally Posted by sharon

The game is changing.

"What's occurring is a rebalancing of the world oil supply," says Daniel Yergin, energy historian and author of The Quest: Energy, Security, and the Remaking of the Modern World. He says Brazil's newly produced offshore oil, which he calls "presalt" because it's beneath a thick layer of salt, will further tip the scales.

The US is using less and producing more.. Saudi is selling more to China and Canadians are beginning to think they should be looking to China as a buyer. The Keystone XL may be a quick fix tht will just as quickly become redundant.

The only reason the game is changing is because the US is committing suicide.

j-mac

Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville

Re: Keystone oil sands pipeline rejected

And someone needs to learn that you have to read past the first page of a report.

Try looking at the Appendix at the rear of the report.

You mean like Appendix B.2 pg 29

Which clearly states

Total Canadian Oil Production of 2.828 million barrels per day

I think you will require the breakdown simplified to be able to understand. The 2.828 mpd includes

0.948 million barrels per day of conventional oil

and

1.470 million barrels per day of oil sands production

throw in

0.276 million barrels per day of oil produced in atlantic Canada along with condensate at 0.134 million barrels per day and somehow you come up with a magical number of 2.828 million barrels per day, rounded off to 2.8 million barrels, the exact number placed on page 3

I dont know but most articles if they have been proof read at all will have the data in the appendix support the data in other areas of the article

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Re: Keystone oil sands pipeline rejected

I think you will require the breakdown simplified to be able to understand. The 2.828 mpd includes

0.948 million barrels per day of conventional oil

and

1.470 million barrels per day of oil sands production

throw in

0.276 million barrels per day of oil produced in atlantic Canada along with condensate at 0.134 million barrels per day and somehow you come up with a magical number of 2.828 million barrels per day, rounded off to 2.8 million barrels, the exact number placed on page 3

I dont know but most articles if they have been proof read at all will have the data in the appendix support the data in other areas of the article

I guess I'll have to take you by your little hand and put your finger on the data. Yes, it says that oil production was 2.8 mbd. Directly below that number, AS I'VE BEEN POINTING OUT IN THE LAST 5 POSTS, is a figure for an additional 1.6 mbd of oil sands raw bitumen.

Guess you haven't figured out that you have to look at the bottom of a table of data to get the final total rather than pulling a number out of the middle.

"The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville

Re: Keystone oil sands pipeline rejected

Originally Posted by Gill

I guess I'll have to take you by your little hand and put your finger on the data. Yes, it says that oil production was 2.8 mbd. Directly below that number, AS I'VE BEEN POINTING OUT IN THE LAST 5 POSTS, is a figure for an additional 1.6 mbd of oil sands raw bitumen.

Guess you haven't figured out that you have to look at the bottom of a table of data to get the final total rather than pulling a number out of the middle.

Fail again

I was waiting for you to say that

Perhaps someone other then myself should read the table of data fully and completely including the notes. Like this one

**Raw bitumen numbers are highlighted. The oil sands production numbers (as historically published) are a combination of upgraded crude oil and bitumen and therefore incorporate yield losses from
integrated upgrader projects. Production from off-site upgrading projects are included in the production numbers as bitumen

You see that note is highlighting the entire raw oil sands production, which is larger then the number in the table for oil sands production because it is the raw production and does not account for the loss's during upgrading, and as such is not avaliable for sale.

In the upgrading process they loss 146 thousand barrels of oil which takes the number from 1.616 mpd to 1.470 mbp

I suggest when you read things you read them fully, the notes typically are very important to understand what the table is stating, and by not reading and understanding it you misread the table, making an inaccurate assumption which caused you to believe Canada is producing 1.5 million barrels per day that it is not

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